CBS says it is happy with iTunes pricing

Mark Raby, 18th September 2007

Hollywood (CA) - CBS CEO Les Moonves responded to questions about NBC's conflict with iTunes, saying it has no problems with the online store's pricing scheme.

"We're sort of staying out of the battle. We like our relationship with iTunes. We look at iTunes as much as a promotional vehicle for our shows as a financial vehicle," said Moonves in an investor conference, reports Reuters.

The statement was as a result to NBC's recent decision not to renew its contract with iTunes. NBC complained that Apple would not allow it to set its own prices. Apple stamps a fixed price on all of its TV shows, movies, and music downloads.

NBC has since pledged more support for Amazon's competing service, Unbox.